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of a sustained recovery. i'm ali velshi. this is "your money" and i'm going to show you the damage america could do to itself if washington allows us to go over the fiscal cliff. unemployment in the u.s. which has come down to to 20.9%, it could go up another 9%. according to a new research new york post poll, you clearly understand the danger of this fiscal cliff. 50% say it will have a major effect on the economy, 21% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy which will go a good way in increasing the revenue that he wants to raise in the next decade in an attempt to reduce the federal deficit. he wants to reinstate the bush tax cut which goes to the top 2% of earners. that would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second one would go from 36% to 39%. he's been focusing on this specific number since his reelection which suggests he may compromise on the actual rates in order to get a deal. there are other t
a dozen years now almost, and it's due in great part to the generous support of rolls royce north america, we thank you for that support. without which we couldn't do this program. it's a pleasure for us to have with us this morning, the chief of staff of the united states army, general ray odierno. general odierno is from new jersey. anybody who is from new jersey these days has been a little bit distracted. new jersey took the brunt of the storm. i grew up in louisiana. we are sort of used to this sort of thing, but we don't usually have hurricanes that have a wind chill and snowfall associated with them. which complicates matters. i hope everyone's all right up there this morning. we have been doing this series recently focusing on where are the military services going? it's a very important point of history. general odierno started in the army back during not the last draw down but the one before that. the one after vietnam. those of you who have been coming to our events know we have been talking about draw downs for some time now. eventually it had to get here and we are now at the
-eakin and aol co-founder steve case, at the aspen institute for 30 minutes. >> next we have a panel on america and where it is going, steve clemens -- steve clemons is the empress area of washington ideas. >> hey, folks. everybody is running to the thompson reuters counter. thank you for joining us. great to be with you. i am steve -- steve clemons, editor of large of the atlantic, i want to compliment the museum and tell you how historic this is. this is a jam packed day. the google party is coming up, this is one of three times in the history of the museum that they have allowed an outside group, the other happened to be the president of the united states and madeleine albright when she was secretary of state, this is the third time for a during the day session here, this is a great partnership. i think the -- i have a friend here, allen was the founder of circuit city, just apparently wrote the rise and fall of circuit city and to some degree they are uncomfortable truths, when you think of nations and companies, there are rise and fall stories and the united states is so clean not on the f
.s. comptroller general. today he's the ceo of comeback america and he's a deficit hawk. the ceo of pimco. hisfirm is one of the largest investors of bonds, and steve moore is a conservative, founder of club for growth and a writer at the wall street journal. i'm going to start with you, steven, my good friend. the fiscal cliff is an immediate threat. both parties need to come together to fix it, because not fixing it would set even fiscal conservatives back, don't you agree? >> yeah, and i think other conservatives agree that he don't want to go off this fiscal cliff, either. i think one hangup that will start on tuesday is the president will say, look, i was reelected to raise those tax rates on the rich, and you know what those republicans are saying in the house, ali? well, you know what, we were electing not to raise those tax rates. you can get agreement on entitlement reform, raising revenues and do some common sense things to get control over the next ten years. we're not that far apart. >> yeah, and i can also grow some hair and look like brad pitt. let me bring mohammad in. in a letter t
. today he's the ceo of come back america. he's an unapologetic deficit hawk. mohammed al arian is the ceo of pim he could. his firm is the largest investors in bonds. and stephen moore is the founder of the low tax advocacy group club for growth. i'm going to start with you, stephen. my good friend, the fiscal cliff is the immediate threat both parties need to come together to fix it because not fixing it would set even conservative fiscal causes back, don't you agree? >> yeah. i think most republicans agree. they don't want to go off this fiscal cliff either, ali. i think the one hang-up in negotiations which will start on tuesday is the president says, look, i was re-elected to raise those tax rates on the rich. you know what the republicans are saying in the snous you no he what? we were reluctant not to raise the tax rates. i think if the president takes the tax rate increases off the table, you can get an agreement on entitlement reform, getting more revenues and doing some kind of honest to goodness common sense things to get this deficit under control. >> right, and i can grow a he
damage that america could do itself if washington allows us to go over the fiscal cliff. according to studies, the average household could pay $3500 more in taxes. unemployment in the u.s. which has come down to 7.9% could head back up above 9% by this time next year. the u.s. could join europe which has been hit by a double dip recession. and according to a pugh research/"washington post" poll, you clearly understand the danger of this fiscal cliff. 68% say it will have a major effect on the economy. 21% say just a minor infect. only 2% say no effect. 10% say they don't know which is why you're watching this right now. president obama's solution to all this is to make a deal centered around increasing taxes on the wealthy which will go a good part of the way to raising the $1.6 trillion in new revenue that he wants to raise over the next decade in his attempt to reduce the federal deficit. he wants to let the bush era tax cuts expire. if that happens, the top tax rate on income would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second top
examining america's education system and the impact on national security. council on foreign relations moderates the discussion, about an hour. >> welcome to this evening, broadcast of morning joe. the energy in this room is a real testament to two things. one is how the education reform has ripened, a combination of meade, the talent we see in this room has coalesced on the issue of new technologies but there is a sense that the moment has arrived and the other is jeb bush. [applause] >> i am a great believer that two things matter in life. won his ideas and the other is people. that is the real driver of change, the real driver of history. when you unpack it all and jeb bush is a perfect example. the coming together of a person with real talent and drive with a set of ideas and this is one of them. the fact that you are all here is the greatest salute you could give. condoleezza rice and i come out of a national security background. we use to mess around with something called the rand bond calculator. xbox it used to calculate what was known as the cp, the circular error of probable
>> join us tuesday 6:00 p.m. eastern for election night in america. "piers morgan tonight" starts right now. >>> you know where i stand. and you know what i believe. you know i tell the truth. and you know i'll fight for you and your families every single day as hard as i know how. >>> a fiery president obama fighting for his life. the man who wants his job, mitt romney, we're keeping an eye on that for you tonight. good evening. and welcome to a very special battleground edition of "piers morgan tonight." the latest poll out tonight shows this race is a down to the wire dead heat. look at these figures. 49% for president obama. 49% for mitt romney. with two days to go until election day. this may be the picture of who makes a difference. less than a week after sandy's fury, temperatures are dropping and anger is rising. among the storm tossed appliances and debris, no power. american flags flying proudly. people determined to vote if they can figure out where. a whopping 67% of voter as prove of the president's handling of super storm sandy. we begin with susan candiotti in rocka
security committee, new york republican peter king. then where does america stand on the verge of a second obama term in office? the economy, the fiscal cliff talks, the president's priorities in the next four years. our roundtable is here. david brooks of "the new york times." msnbc's reverend al sharpton. former ceo of hewlett-packard carly fiorina >> historian and film maker ken burns. and nbc chief foreign affairs correspondent andrea mitchell. and we'll hear from new york congressman, gregory meeks, as we check in on some of the hardest-hit victims of hurricane sandy and see how they offered thanks this weekend while surrounded by destruction. >>> from nbc news in washington, the world's longest-running television program, this is "meet the press." with david gregory. >>> president obama doing his part for the economy over the weekend out holiday shopping as part of small business saturday, picking up several children's book at an independent bookstore in arlington. >>> meanwhile, uncertainty in the middle east. more clashes in egypt over the weekend as police use tear gas this mornin
education the vast majority of what we do in america k-12 higher education is done by public institutions. it's done by public institutions that are run by states. a lot of other work including most charter schools are nonprofits or famous institutions like stanford and harvard and yale and princeton. and then, however, there's a substantial swath of activity that is for-profits, both for-profits that run schools or colleges. there is also for-profits that sell everything from pencils to paper to textbooks, to curricula, to professional development and school systems and universities and colleges. we don't often think about that. we don't often think about what the upsides, what are the downsides, how does that play out and that's what we really want to get into today. for instance, just recently our friends at parent revolution said, you know, when thinking about the parent trigger that we, you know, there's a need to regulate. we need to think about where to draw the lines and what kind of operators to permit, they choose not to encourage, for-profits be permitted to participate because
. the president did run a fantastic campaign. they understand america as it exists today. republicans tried to convince themselves that it was the america they knew in the past and they delewded themselves. and now you're seeing the results today. here's where we got it wrong and we've got to rethink. definitely kudos to david axelrod, gym messina. but i think the economy was getting better and people ultimately said i want to give this guy another four years to finish the job. >> here's one thing that i don't think was a factor in the last week. the hurricane on the east coast. if there was a factor in the last week, i believe it was mitt romney going into ohio, lying to ohio about something ohio voters know the truth about on this sending jeep jobs to china and to lie straight to the voters who know it's not true, who are related to the workers, whose jobs were not going to china was a deadly move by romney. >> we know that three out of four ohio voters thought the economy was doing very poorly. they were not that excited about what's going on because it's tough out there. but when it com
between the president and congressional leaders. could their plan be the key to stopping america from going over the fiscal cliff? this exclusive event is next right here on this special edition of the "closing bell." iy stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> all right. welcome back. we have a hot show for you today. we are getting down to the brass tax on the fiscal cliff tomorrow. president obama and congressional leaders meet face to face with the clock ticking to new year's on the fiscal cliff. for nearly two years, the one plan that has gotten the most support among those outside of washington and even inside has been the simpson/bowles plan. the two, of course, chaired president obama's deb
focus on the real issues facing america, like catching up -- that's a homeland is a tv show on showtime. [laughter] let's move to nonfiction. it is a privilege for me to be at the council on foreign relations, and thank you for hosting, and and for moderating. i see a number of people in the audience who have done such important work in the space, some of my colleagues and other government agencies. i see charlie firestone from the aspen institute, very involved in issues that i will be talking about today. let me start with one provocative sentence from jeffrey sachs of columbia university. he said recently the information and communications technology revolution is surely the most powerful single force for economic development in the world today. so i want to talk about that today, about the enormous opportunities the broadband revolution is creating. i will also talk about the dangerous fact that the global internet is at a crossroads. threats to the future of the internet have never been more serious, and if we don't tackle these threats, the u.s. and other nations will pay the pric
the best campaign. >> don't forget, join us tuesday, 6 p.m. eastern, for election night in america. piers morgan tonight starts right now. >>> you know where i stand and you know what i believe. you know i tell the truth. and you know i'll fight for you and your families every single day as hard as i know how. >> a fiery president obama fighting for his political life tonight in ohio, the state that could be the key to his whole election. meanwhile, the man who wants his job, mitt romney is about to take the stage in new port news, virginia. we are keeping an eye on that for you tonight. good evening, welcome to a very special battleground edition of piers morgan tonight. the latest cnn/orc poll out tonight shows this race is a down-to--the wire dead heat. 49% for president obama, 49% for mitt romney. with to days to go until election day, this might be the picture, who makes the difference. the rockaways here in new york city less than a week after sandy's fury, temperatures are dropping and anger is rising, amid storm-tossed appliance and debris with no power, with american flags
in the middle east. it is building to a kre skend oh. the elections are over. now america must act. what does america have to do? >> well, with syria, if the opposition will get its act together, and become unified, it seems to me that then we should surely support turkey's request for patriot missiles as defenses against any threat from syria. but also we then have to consider a no-fly zone, providing the opposition in syria comes together. but, again, all this goes looking for ways to keep the pressure on iran and to keep taking away from iran the kind of weaponry, both psychological and real, that they are using. >> i want to shift gears as we talk about your concern about our national security in the middle east. let's bring it back home, and the fiscal cliff talks that are going to begin this week. as chairman of the armed services committee, of course, all of these defense jobs that are imperiled by what's called sequestration, meaning automatic spending cuts, half of which would come from defense, you're talking about $50 billion a year starting in january for 10 years unless this deal
. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no, i think the president has learned to negotiate. what the president would do, he would start with sort of half a loaf and negotiate and give the republicans about 75% of what they wanted. i think he's finally understood if you want to actually get to at least halfway, you have to start at extremes and meet halfway. republicans have done this all along. stuart: you agree with me, if this plan, anything like it from the president, were imposed on the economy at this time it would lead to recession. >> i think that the president is fully aware as are democrats and anybody realistic. stuart: you make that judgment. >> i am not a fan, by the way, never have been, i thought the fiscal cliff thing was ridiculous in the beginning. no, no, but prefacing my answer to you. stuart: higher taxes of this magnitude on an economy that's already wea
to insulate themselves within the one america. >> conventions of the same feeling as well. >> i do not think he will see a democratic leadership of the house ever again that does not include at least one woman and one african-american and latino. where as republicans, they need a lot more than -- they really need to put out a different face, an image in order to compete more broadly. >> sometimes the evidence for interesting voices that do not -- >> one other dimension of this -- at the end of the day, mitt romney got 20% of the total electoral votes available outside of the south. that happened in 1992. that is the smallest share of the electoral votes. the demographic challenge is also a geographical challenges. because of these places we have more cosmopolitan and secular populations that are diverse on the coasts. >> they have all the mountains and the farm states. that's it. >> one last question and we will wrap up. >> thank you. i am an independent consultant. i want to go back to the aid groups and talk about the contrast and the complex between the boomers and millennia ills, particu
stouffer's. and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is on top of other rewards and discounts i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. or did they take our money and run? >> they should be saying this is unacceptable . we thank mr. morsi for his efforts in brokering a cease fire which is incredibly fragile but this is not acceptable and the united states of america taxpayers expect and our dollars will be directly related to the progress toward demaddress which you promised the people of egypt when your party and you were elected president. >> brian: joining us is the navy commander from the office of secretary of defense under george bush. he is jd gordon. is it up to the president to get more in
. i just wonder, with america and the world, business leaders here, business leaders around the world, the markets, everybody else looking so closely at this, was it necessary for the president to be so provocative with something that, you know, even "the new york times" said was, quote, loaded with democratic priorities, and really gave republicans nothing. >> again, it's a curious offer. i would imagine there has -- tim geithner's too smart of a guy, and this administration is filled with smart people. they must have a serious strategic plan. but if you were a pedestrian watching this, if the ceo of a company that's not been into the white house, a medium-size to small company, it has to be a source for alarm this morning that maybe they're not nearly as close to a deal as we thought. let alone if you're a ceo if you've been in the office with the president and you've laid out some of your priorities and concerns. >> so but it is step one, though, in a negotiation. >> it is step one. >> okay. so it's like bidding on a house. you always go farther from where you're going to be. >> bu
know, america is going down the wrong track, and if we don't do something about it now, if we don't get our country back on the road to growth and prosperity, my 13-year-old son jack, all of our children and our grandchildren won't inherit the same country that we did. there are two philosophies in this race, one that believes in government as the solution, the other belief, my belief, it believes in the individual, it believes in you. while my opponent supports president obama's big government agenda, i'm fighting against the president's failed policies because i believe north dakotans, not washington, ought to be trusted to make decisions about their family, their money and their opportunities. now, i agree -- i grew up in western north dakota, i started a business in north dakota, i served in the best citizens' legislature in the country where we created policies that have made north dakota the envy of the nation. in north dakota we balance our budget. we do it by living within our means and making the decisions today, not tomorrow or next year. that's the north dakota way, and that'
bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is on top of other rewards and discounts i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. free for online banking customers. ♪♪ you can help othersnk along the way. ♪ ♪ a portion of every bottle that they sell goes to fight ♪ ♪ breast cancer and i think that's swell. ♪ ♪ the more you take, the more they'll pay, ♪ ♪ so make them write a big check today. ♪ ♪ and if you're feeling a little slow, ♪ ♪ then 5-hour energy will help you go. ♪ ♪ so buy a bottle of pink lemonade and ♪ ♪ you can help fight breast cancer today. ♪ >> you want to see where our economy is really going? financial analyst say look no further than the 1930s. we may take a trip back to the days when roosevelts election derail
a pennsylvania toy factory. listen. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family, everybody here, you'll see your taxes go up on january 1st. i mean, i'm assuming that doesn't sound too good to you. that is sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> that's pretty scroogy, right? president obama's proposal calls for $1.6 trillion in new tax revenue. $50 billion for new stimulus spending. and about $400 billion in entitlement cuts. republicans say, the president's proposal's nothing but a political stunt. here is boehner. >> the white house spends three weeks trying to develop a proposal and they send one up here that calls for $1.6 trillion in new taxes, calls for a little -- not even $400 billion in cuts, and they want to have this extra spending that is actually greater than the amount they're willing to cut. i mean, it is -- it was not a serious proposal. and so right now we're almost nowhere. >> what we will do is continue to take this as a serious matter. this is no
of the united states of america. we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's do the right thing together for our country. host: ron, you are up first. what was the message to washington? caller: i really think compromise is in the air in a positive way. it is so wonderful in my mind of president obama was elected. people can start to really work together. not just politicians, but people who will help solve problems and move forward and enter a positive way. -- in a positive way. so many negative comments i heard before the election. i really think they have no validity in trying to portray him as somebody who is not doing well by people. the thing that has not been mentioned on c-span or other channels very often is that the republican driven congress and obstructed. when they had their democratic majority, people fail to mention 12 blue dog democrats, which in my view were very republicans in disguise. host: let's look forward. what do you want the president to work on? caller: i think jobs. included in that will be energy, moving f
changers across america. jim, we love you! come over here! >> bill karins -- oh, no, speaking of -- >> what? >> we call him c.g. for -- >> no, we don't. >> c.g., what do we got? >> now i've got to think of something creative for what c.g. stands for. snow is falling in a few areas this morning, we're looking at new jersey, looks like the suburbs outside philadelphia and new york could see snow. getting ready to treat a lot of those roads. a lot of that eco friendly rock salt. let's show you what's happening on the radar, the pink is where it's a little bit of a mix and the green is the rain. we've set up the boundary line somewhere north of philadelphia and just north of new york city. below that, it's kind of a mix or rainy around philadelphia. little later today, once the colder air moves in, we will see philadelphia changing over to snow. it's not a huge storm, this isn't a big ocean storm, not a nor'easter, a quick event during the daylight hours today. and the temperatures are pretty warm right now. new york city still above 40 degrees, philadelphia near 40, big cities and the airports
in 2011. it creates the largest private label food company in north america. this is a big deal. >> yes, it is. it's big in size in terms of what we've seen in this market. look how excited he is. and they finally got it done. it's been one as you pointed out that was around in 2011. they couldn't get it done. that is conagra. they walked away. ralcorp stock price fell dramatically. they split the post cereal division from ralcorp. the two trade separately. so you did have a company here that perhaps became a little more -- i wouldn't say vulnerable. not as if they were committed to selling. the board composition changed. you have had activist shareholder get on there. that was very quick. october 2nd. they filed a deed not long before that. this board from what i hear and the management said, all right, let's try and get something done with conagra. the last month they've been able to do that. the price perhaps came down a bit. the ask came down a bit to get a deal done at the $90 a share level. >> i think it's important to point out that conagra is up in premarket trading. >> guidance
in the united states. and it's the beginning of these gaps that we talk about that create a different america. better to have a system that says every child that god has given the ability to being literate, by the start of fourth grade is literate. and develop strategies to make sure that it happens. have no tolerance for the political correctness of our time, that assures that too many people, too many young people, particularly kids living at or near the poverty level will have no chance to be successful. the states that embrace these social promotion policy that does not allow that to happen, that recognizes that we need early intervention for reading strategies as has been implement in states like colorado, and has no tolerance for the acceptance of failure will be the states that excel over the next decade of done. accountability, truly, truly matters. in seven states have started on this journey. talk to them about how hard it is but talk to them about the joy of seeing how you can change lives at an early age to ensure that the kids begin to graduate from high school, rather than being
. >> america in the 1930's and 1940's -- the library of congress curator shares some of the 1600 color photographs taken during the depression and world war ii. .nday at 7:00 p.m. on 3. -- c-span 3. >> now, john boehner and house republican leaders talk about fiscal cliff negotiations. he says he is optimistic a deal can be reached with the president. >> morning, everyone. going over the fiscal cliff will hurt our economy and will her job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal clef. one reason why we believe that we put revenue on the table as long as it is accompanied by serious spending cuts to avert a crisis. we believe this is the president's request for a balanced approach to this issue, and we are going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all now that we have had the spending crisis coming at us like a freight train. it has to be dealt with. in order to try to come to an agreement, republicans are wi
mcafee is on the run in central america. he is wanted for murder. we have new information this hour, including his side of the story. >>> and tens of thousands of people are still without power in the 12 wealthiest counties in the country. my mere and father-in-law got theirs back last night, but they still have no heat, no hot water and no laundry. we sent gary gam minute ski into the mess in his home up to with two cameras and what he came back with will stun you. sue is live at the new york stock exchange. sue? >> i have seep a little bit of that ty, you don't want to miss gary's story in a few minutes much the markets have been up and down on either side unchanged today. right now the dow is in the green by 22 points, the s and p up about 2.75 points. nasdaq negative by a quarter percent. gold market, a little profit taking there, well up above the 1700 level. west texas intermediate crude down two-thirds of a percent. all of this as the count down to the fiscal cliff ticks away. your money is literally being held hostage by washington's inability to make a deal. labor leaders i
-- i should say north america, our backyard, and that is what is happening in venezuela. there you have the election of chavez. it was a free and fair election. you have a leader who is not fitting in the category you just mentioned, but someone who basically has used elections in non-democratic ways. he is elected in but then takes seriously non-democratic measures internally. that is a very difficult situation to grapple with in terms of fundamentalists. >> from my european point of view, the so-called unipolar moment has led us in nato, led the west, led the united states, in my view, to over emphasize the possible use of the military. i think over the last decade we have been forced to acknowledge the fact the obligation of military force tends to solve, at best, military challenges, but if he were faced with a political problem, you need a political solution, which means more than just the military. that appears to me to be a growing consensus in our community. and that leads me to the first question about what the gentleman over there asked about development and the military. as a
there across america who are saying, you know what we really need, we really need people to fight hard night and day to sidetrack secretary of state potential candidate because of some things she said on -- maybe there's people out there. i don't know where they are because i've never met them but do want to know this. like what's their long game, willie? what are they doing? this doesn't help the republican party. it's like mitt romney's dumb press conference the day after libya exploded and the ambassador died. there is a time and place -- there are so many ways to go after susan rice. >> and there are real questions on whether she even has the temperament to be secretary of state. that's a big question in washington, d.c. let me say it again. does susan rice have the temperament to be secretary of state? there are a lot of people, democrats who will tell you privately that just maybe she doesn't. but we're not talking about this. this is a clown show that's going on right now. what is -- >> i love that debate. >> well, the long game is unclear and the short game is even more unclear becau
turkey that i shall be eating tomorrow with two of my wonderful grandchildren, in america, giving thanks that i don't live in france. i left california years ago. i didn't invest in facebook. and oh, mr. trumka, have a nice day. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, no matter which list you're on. [ santa ] ho, ho, ho, ho! male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. stuart: just listen to this, china is set to build the world's tallest building in 90 days. its name is sky city. it will be built at the unbelievable rate of five floors per day. question, if unions were involved, it would take 90 days to get the permits, wouldn't it, and just set the scaffolding up, the bureaucracy in america certainly wouldn't help either. don peebles is a real-estate developer. your experience please? >> look, i think that the cause for the delays in building permits is overregulatory environment that we face. obviously we want our buildings to be safe. but the bureaucracy and the regulations of the bureaucracy i
a vision for where america needs to be in this new century where we've got rising competition in china and germany and india and if we're going to have an american century we cannot come in second place to those countries in technology of the future. and i think that played an important role. there was a sense that the obama vision was one that they thought better suited this moment in our country's history. and there is no question on social issues whether it's women's healthcare or immigration. there was asset of issues that for younger voters was important to think about the kind of country and kind of president they wanted representing them. so on all those questions people wrestled carefully. i think that's why ultimately enough people in enough battleground states chose the president to continue this journey we're on. quickly in terms of demoggrafi. we don't know this for sure but we could be seeing different elections in on years and off years. the election in 2014 is going to be different than presidential lecktorts. and the comments i made were predicated on what we thought wo
they are going to represent the united states of america as the united states of america is, and not based on some 50-year-old model. >> operator, last question, please. >> in 2008, after the election, you famously left open offices across the country to keep your round game intact. what happens to that infrastructure now, and the think the ground game in the infrastructure you have for this campaign can be translated to whoever runs in 2016? >> thank you for the question. as we talked about earlier, we will go for a process with our supporters and have a conversation with them about what they want to do next. we have always listened to the ground game, listen to our supporters. part of the lesson of 2012 for us is let people run the kind of campaign they believe in. that is why the president's message resonate so well out there. we will have a process for our folks where we discuss the future. we will spend some time learning the lessons from the other night before we start thinking about 2014 or 2016. >> first of all, we are going to take our cues from our supporters, things got done bec
? caller: there has been a lot of greed here in america. there has been away too much to double spending, preparing for obamacare to be pushed. also, i think there is too much spending is going in to government aid. it is too much. i cannot see why people would rather quit their jobs and be taken care of by the government. host: the opposite to that issue is a national security issue which must be addressed. but what affected the cliff on the economy? as we to do, one of the chief economists or out during the press briefing with a new report warning that consumer spending would fall by $200 billion in 2013 if we go off the so-called fiscal cliff. chris in rockville, maryland. on our line for independents. should we go off the cliff? caller: no. i believe we should come up with a comprehensive balanced budget plan. and the reason i am not calling it, i believe some people are misinformed about the reason for this deficit. i believe that both democrats and republicans are responsible for this large deficit that we have it. they did have a two different philosophies on how to increase. demo
of america is at the nasdaq. right now apple looks to open lower initially. at&t is beginning to sell the new ipad mini and the ipad 4. we could see some numbers. >> it's always fun to see all of the new ipad applications. there's a terrific article in "usa today" talk about how shoppers use it. they give you coupons. nice company where they are trying to interact with the people. they help retailers interact with people in the store and give you coupons. this is again another growth business. >> paypal very involved in that. the ceo has talked a lot about that. the ability of merchant to know who is in the store at any given moment. >> one day we'll look back and say why are they putting inserts -- one of the worst jobs i had in my career was putting inserts into the sunday papers. >> i've done that too. i've done that too. i used to assemble "the new york times" when my parents owned a drugstore when i was growing up. my sister and i would assemble the "times" and put it in the news section the next morning. >> that was valuable thing. money saving coupons. >> exactly. >> money saving coupo
of america who lost his battle with cancer six days ago on november 22. here's an article here from the local paper in san diego talking about dan mckennon and it says navy pilot, radio and airline executive, appointed to two federal boards and son of san diego congressman. those are a lot of things but dan was so much more than all of those even put together. first, his father was a democrat congressman from san diego here in the 1950's. probably stood at this table like i am speaking now. dan was a page when we still had pages in the house in the 1950's during the truman administration as well. he had a great respect and love for this country and he had a great respect and love for this body and the institution. he has some great claims to fame. one of those is this -- as a young man, dan served in the navy as a helicopter pilot and he's credited with 62 saves on land or sea. that's more saves during peace time than any other navy pilot in history. he loved the navy and loved flying and that led him to other things in life. he was a great pilot. he was inspired to fly from some words taken
and buybacks and every time they buy back shares, the intangible book value goes up. and bank of america was one of those stocks hit very, very hard within the financial sector in yesterday's selloff. down 7%. that was the steep decline. this call this morning, very bullish. $18 a share by 2015. >> i know. wow. >> 18 bucks. when's the last time it was $18? >> 2000. >> 2007. i don't know. >> i think it was -- went up there in 2010 before it slid down and senator-elect warren is an important figure in terms of getting headlines. she is compelling. she is able to make a lot of noise but she doesn't i think in the end control regulatory regime and put in place. she's just able to back and very effective barber by the way. >> right. >> if that dynamic changes then banks have to recompute, right? right now she is a figurehead of sorts. >> yesterday isn't that the recomputation of the banks? warren was voted in and a sentiment there needs to be or a desire for increased regulation of banlgs and not dodd-frank but elizabeth warren elected to the senate. >> she is a wild card. i was bashing her r
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